Comments on: Alternative income streams progress – End of October http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/ Saving, Earning, and Investing Money Sun, 21 Mar 2010 07:33:47 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: lazymanandmoney http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/comment-page-1/#comment-195 lazymanandmoney Wed, 01 Nov 2006 18:08:53 +0000 http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/#comment-195 Thanks, I'm definitely looking to take a lot more risk than the "typical" PF Blogger. I don't know what typical is, but it seems like a fair amount are trying to get out of debt, while I'm looking for a good combination of being a tortoise and a hare. Thanks, I’m definitely looking to take a lot more risk than the “typical” PF Blogger. I don’t know what typical is, but it seems like a fair amount are trying to get out of debt, while I’m looking for a good combination of being a tortoise and a hare.

]]> By: prlinkbiz http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/comment-page-1/#comment-192 prlinkbiz Wed, 01 Nov 2006 17:15:45 +0000 http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/#comment-192 It seems there are a lot of PF Bloggers who are sort of in your situation. I became financially free on than what you have. I just figured out how to turn it into cash flow. I have two areas I invest in, or rather two talented Money Makers I invest with. I was thinking about putting together some opportunities for the PF Bloggers to go in on, I'm just not sure about how risk averse most are. You both have rental props that good- shows you can manage risk- which is good becasue thats where the higher returns are for people who know what they are doing. It seems there are a lot of PF Bloggers who are sort of in your situation. I became financially free on than what you have. I just figured out how to turn it into cash flow. I have two areas I invest in, or rather two talented Money Makers I invest with. I was thinking about putting together some opportunities for the PF Bloggers to go in on, I’m just not sure about how risk averse most are. You both have rental props that good- shows you can manage risk- which is good becasue thats where the higher returns are for people who know what they are doing.

]]> By: lazymanandmoney http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/comment-page-1/#comment-180 lazymanandmoney Mon, 30 Oct 2006 19:10:30 +0000 http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/#comment-180 I have great credit and I think her's is probably a little above average to very good. I've been trying to get her to get a free credit report for some time, but it's always second fiddle to some other chore that we have to do around the house or for the wedding. That said, we don't have a lot of liquid cash saved up. I'd say we have under $10,000. I know a lot of people say we should have more in cash as an emergency fund, but I firmly believe in using a HELOC for those emergencies. Of course that made more sense when I could write the interest off on my taxes. As far as the money that I am investing, it's making about a 16% risk-adjusted return on Prosper. I'm not really sure where else I can do that without investing tens of thousands of dollars. We each have "investment" properties - homes that we used to be our primary residence, but is not rented out. She's cash flow even on hers - I'm cash flow negative on mine, but it beats selling at a loss from where I bought it two years ago. Unfortunately, the only two areas that I really know real estate-wise are Boston and California. I think it's very tough to cash flow there if it's even possible at all. I have friend who bought an apartment building and it's not working out for him at all. He has every real estate connection and 15+ years of experience and it's not working out well for him. I like the idea of using leverage for real estate in general, but I can't seem to find anything that near cashflowing in this market. I'm learning though and I think I'll find something at some point. I have great credit and I think her’s is probably a little above average to very good. I’ve been trying to get her to get a free credit report for some time, but it’s always second fiddle to some other chore that we have to do around the house or for the wedding.

That said, we don’t have a lot of liquid cash saved up. I’d say we have under $10,000. I know a lot of people say we should have more in cash as an emergency fund, but I firmly believe in using a HELOC for those emergencies. Of course that made more sense when I could write the interest off on my taxes. As far as the money that I am investing, it’s making about a 16% risk-adjusted return on Prosper. I’m not really sure where else I can do that without investing tens of thousands of dollars.

We each have “investment” properties – homes that we used to be our primary residence, but is not rented out. She’s cash flow even on hers – I’m cash flow negative on mine, but it beats selling at a loss from where I bought it two years ago. Unfortunately, the only two areas that I really know real estate-wise are Boston and California. I think it’s very tough to cash flow there if it’s even possible at all. I have friend who bought an apartment building and it’s not working out for him at all. He has every real estate connection and 15+ years of experience and it’s not working out well for him. I like the idea of using leverage for real estate in general, but I can’t seem to find anything that near cashflowing in this market. I’m learning though and I think I’ll find something at some point.

]]> By: prlinkbiz http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/comment-page-1/#comment-179 prlinkbiz Mon, 30 Oct 2006 16:49:02 +0000 http://www.lazymanandmoney.com/alternative-income-streams-progress-end-of-october/#comment-179 If you have some money saved, or you or your fiance's credit is good, you may take on a higher return investment, like a cash flow business, or other investment properties. Seems like it might be faster way to get to your goals. Start thinking abuot how you can leverage what you have to get the best return. Just my two cents. If you have some money saved, or you or your fiance’s credit is good, you may take on a higher return investment, like a cash flow business, or other investment properties. Seems like it might be faster way to get to your goals. Start thinking abuot how you can leverage what you have to get the best return. Just my two cents.

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